WASHINGTON -- The Securities and Exchange Commission approved rules Thursday that set the stage for securitized small-business loans and other additions to the burgeoning asset-backed market.

Under the rules, banks will have more ways of selling off loans to improve their liquidity and capital positions. They can also retain the servicing rights on securitized loans, which allow them to maintain a relationship with the borrowers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.